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Cannabis Wheaton Announces Listing of Warrants

VANCOUVER, BC--(Marketwired - October 03, 2017) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO UNITED STATES

Cannabis Wheaton Income Corp. (TSX VENTURE: CBW)("Cannabis Wheaton" or the "Company") is pleased to announce that the TSX Venture Exchange ("TSXV") has accepted for listing the 38,671,752 common share purchase warrants (the "Warrants") of the Company issued in connection with a private placement offering of special warrants and convertible debenture units, which closed on June 29, 2017. Certain of the Warrants were qualified for distribution pursuant to a final short form prospectus dated September 27, 2017.

The Warrants will be listed for trading on the TSXV under the symbol "CBW.WT" at the open of the market on October 3, 2017.

Each Warrant entitles the holder thereof to acquire one common share of Cannabis Wheaton (each, a "CommonShare") at an exercise price of C$1.50 per Common Share at any time prior to 1:00 p.m. (Vancouver time) on June 29, 2019 (the "Expiry Date"). The Warrants were issued pursuant to, and are governed by, a warrant indenture (the "Warrant Indenture") dated June 29, 2017 between the Company and Computershare Trust Company of Canada, in its capacity as warrant agent.

Under the Warrant Indenture, if, at any time following October 30, 2017 and prior to the Expiry Date, the closing trading price of the Common Shares on the TSXV equals or exceeds C$2.00 per Common Share for 10 consecutive trading days, the Company may, within 15 days of the occurrence of such event, provide notice to the holders of the Warrants by way of a news release accelerating the expiry date of the Warrants from the Expiry Date to the date that is 30 days following the date of such notice (the "AcceleratedExercise Period"). Any unexercised Warrants will automatically expire at the end of the Accelerated Exercise Period.

ON BEHALF OF THE BOARD"Chuck Rifici"Chairman & CEO

About Cannabis Wheaton Income Corp. (TSX VENTURE: CBW)Backed by a team of industry experts, Cannabis Wheaton is the first cannabis streaming company in the world. Our streams will include production from across Canada coming from our partners comprised of licensed producers of cannabis (LP) and LP applicants. Cannabis Wheaton's mandate is to facilitate real growth for our streaming partners by providing them with financial support and sharing our collective industry experience.

This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities law, including, without limitation, statements with respect to the expected listing of the Warrants. Forward-looking information is frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. This information is only a prediction. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking information throughout this news release. Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.